Transneft stakes on its own developments

12-September-2017

During the third international specialized trade fair Import Substitution 2017, Transneft demonstrated its own developments to replace foreign analogues which are used in the oil pipeline industry. Chairman of the Russian Government Dmitry Medvedev who visited the Company’s stand on September 12, expressed appreciation for the Company’s potential.
Dmitry Medvedev took interest in drag reducing agents (DRA) presented by Transneft Synthesis as well as in pumping equipment manufactured at the plant of Transneft Oil Pumps in Chelyabinsk. The booth also displayed the latest developments of Transneft Diascan.

Vice President of Transneft Pavel Revel-Muroz informed Dmitry Medvedev on the import substitution policies of Transneft. He enlarged upon the equipment and the dynamics of using the products made abroad for several recent years. In the words of Vice President, starting in 2014 the share of import equipment has been going down by 1% ever year so that it dropped to 8% in 2016 and must further drop down to 3% by 2020.

Transneft specialists handed to the Government Chairman a video booklet graphically demonstrating Transneft achievements in import substitution, higher energy efficiency as well as the prospects of the Company’s development and the pipeline industry as a whole.

The forum organizers appreciated Transneft participation in the trade fair.

“We are happy to see among the participants the Company which does so much to promote import substitution,” said Deputy CEO of Crocus Arkady Zlotnikov. “It is courtesy of such companies as Transneft, which can manufacture comparable and sometimes better products than those made in the West, that we may not fear any sanctions.”

Following his tour of the exposition, Dmitry Medvedev chaired a meeting of the government commission for import substitution.

For reference:

The Import Substitution exposition is called to demonstrate the potential and achievements of domestic manufacturers, as regards the competitive substitution of imported goods and services due to the expansion and arrangement of their own manufacture and also due to their reorientation towards new foreign suppliers and partners, as well as state of the art technologies, promising developments and investment projects revealing the potential of Russia in the field of research, technology and manufacture.